Harry has posted Charts of the Day video on DECK at TheTechTrader site noting: Deckers Outdoor Corp. (DECK) has 8 1/2 days to cover and it’s absolutely falling apart. On Thursday it was down another 19 cents to 58.76. The massive top that had been forming for quite a while, broke early this year, it consolidated for many months, and then it broke down and snapped back. The snapback initially looked like a wedge. It broke, retested, and came up into a big consolidation range, or flag, and then that broke down. Based on my projections alone, you could see this stock in the 50’s.
Harry has posted Charts of the Day video on DECK at TheTechTrader site noting: Deckers Outdoor Corp. (DECK), which has been ugly for a long time now. It spent months consolidating before the breakdown recently, and is now creating another bear wedge. The way the channel is created the first target is in the mid 50’s, and the second target is in the high 40’s.
I agree - IMO - Management should be held accountable but instead they keep increasing their salaries and options while they do an inept job. They can't even make money buying back shares and they should know how the company is doing. They are a joke.
DECK has to put itself in play. It's obvious current management doesn't have what it takes to increase the value.
5 year stock performance.
Skechers = +476%,
VF Corp = +269%,
Nike = +188%,
Wolverine = +96%,
Deckers = +32%.
So much potential yet it never quite pencils out. Even Jim Cramer bought into the hype at one point but then got a reality slap in the face.
VF is 15 times the size of DECK. They could take them out with the spare change in their couch cushions.
Time to start rewarding the shareholders instead of just plodding along.
Here's the silver lining for any potential suitors. DECK is only trading at 11 times next year's earnings and their PEG is less than 1.0. You could take out DECK for $100/share and it would still be a comparative bargain.
Harry has posted Charts of the Day video on DECK at TheTechTrader site noting: Deckers Outdoor Corp. (DECK) broke out of an entire, 6-month base, down 71 cents to 60.50. The targets going forward are 56 and 51.
How's the buy back working guys. You could pay a dividend and reward shareholders instead of wasting money. I believe your avg price is 70+ and your down at least $10 per share over 10%+
I wish I could "like" this a few more times. It's absurd and inexcusable that this company doesn't have at least a $90 stock price. The line of products is exceptional, but the stock performance is pitiful. A raise is the last thing these guys deserve. Heads should be rolling right now.
I voted NO on most of the items being proposed by management in proxy material. Especially compensation issues - I don't think management deserves anything for the way the Company is being run. They continue to buy stock back instead of paying a dividend. How's that working? Stock price is lower now then it was years ago. IMO -Don't reward them for a bad job.
yes they did They sold deck and bought SKETCHERS,,,,WISH i HAD DONE THE SAM WILL BUY BACK DECK BELOW $60.00
Piper Jaffray reiterated their hold rating on DECK and a price target of $71/share following the fireside chat with CEO Angel Martinez.